A couple in California who cash-purchased their dream home, suddenly got a rude awakening when the seller refused to leave, citing the coronavirus eviction moratorium. According to FoxBusiness, it has been over a year and the couple still cannot gain possession of the property. Efforts to enlist the authorities were met with frustration as the COVID rules rule prevented them from forcibly removing (evicting) the previous owner. Their real estate agent said the (previous) owner needed just over half a million dollars, and demanded it on a Sunday, which meant he was looking for a cash buyer. In addition, A local eviction attorney said that this situation is not unheard of, and knew of at least seven cases with “this exact type of situation.” Indeed…
“It took us scrambling to get everything we had, our life savings put together and a hard money loan on top of it to make that happen,” Myles said. “We own the house outright. That’s our house and it’s all in a contract, written, legal, done.”
Click here to read the full story at FOXBusiness.com.